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gradually I think. if you do it all at once then there's the chance that the market swings just before you transfer everything.
If you were to, say, transfer 10% a week over 10 weeks then the chance of it going 'wrong' is lower. similarly, the chance of it going really well and you getting a random bump is also reduced... -
if I'm doing anything wrong...
It's really down to individual risk appetite, so very hard to say. I have mostly equity index trackers in my ISA, some UK but various outside for a bit of diversity.
In practice market-cap weighting means this still ends up being massively over-weight US tech and their overseas suppliers, finance and pharma in terms of sector risk.
This is on top of various SIPPs from ex-employers that are mostly in lifestyle things similar to the one you have already, although they're at various stages of drawing down from equities to fixed income since I'm older.
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The posts by @cjr and @useless sum it up well. You're certainly not doing anything wrong. Being 100% in Equities at your age is sensible and lifestyle 100 is a credible option. At the same time you could choose to do something different if you have a reason to do so.
The UK stock market is not the force it once was, but that doesn't mean it's going to disappear any time soon. Tracking the US / global market has risk as it's to a large extent driven by a handful of highly valued tech giants. It comes down to what your view is on those and other big, long term questions.
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duncs
useless
frank9755
@cmburns
A very loose Q, but when it comes to diversifying portfolios, is there a right/wrong time to look at doing it?
Since I set up my Vanguard account in Feb 2021 all I've done is monthly deposits into Lifestrategy 100 and sort of set and forget; in my mid 30s now and not anticipating selling/withdrawing for at least another 20 odd years. It's performing well (I guess) and know it is obviously UK weighted; just trying to grasp at this point if I'm doing anything wrong...